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Fresh Del Monte (NYSE: FDP) SVP sells 1,112 shares to cover tax withholding

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Fresh Del Monte Produce SVP Ziad Nabulsi reported multiple equity transactions. He sold 1,112 Ordinary Shares of FDP on 2026-03-03 in open-market transactions at $42.50 per share, with footnotes stating the sales covered withholding tax obligations on vested Performance Stock Units and Restricted Stock Units.

On 2026-03-02, he exercised 1,160 Restricted Stock Units and 122.7302 Dividend Equivalent Units into Ordinary Shares at no cost, and received new grants of 2,659 Restricted Stock Units and 2,659 Performance Stock Units, all held directly.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Nabulsi Ziad

(Last) (First) (Middle)
C/O FRESH DEL MONTE PRODUCE INC
241 SEVILLA AVENUE

(Street)
CORAL GABLES FL 33134

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FRESH DEL MONTE PRODUCE INC [ FDP ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP, North American Operations
3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Ordinary Shares 03/02/2026 M 1,160 A $0 14,891 D
Ordinary Shares 03/02/2026 M 122(1) A $0 15,013 D
Ordinary Shares 03/03/2026 S 796(2) D $42.5 14,217 D
Ordinary Shares 03/03/2026 S 316(3) D $42.5 13,901 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Dividend Equivalent Units (4) 03/02/2026 M 122.7302(1) (4) (4) Ordinary Shares 122.7302 $0 486.2176 D
Restricted Stock Units (5) 03/02/2026 M 1,160 (6) (6) Ordinary Shares 1,160 $0 0 D
Restricted Stock Units (5) (7) (7) Ordinary Shares 3,633 3,633 D
Restricted Stock Units (5) 03/02/2026 A 2,659 (8) (8) Ordinary Shares 2,659 $0 2,659 D
Performance Stock Units (9) (10) (10) Ordinary Shares 3,009 3,009 D
Performance Stock Units (9) (11) (11) Ordinary Shares 3,633 3,633 D
Performance Stock Units (9) 03/02/2026 A 2,659 (12) (12) Ordinary Shares 2,659 $0 2,659 D
Explanation of Responses:
1. A fractional share of Dividend Equivalent Units ("DEUs") on the Restricted Stock Units ("RSUs") vesting was paid in cash.
2. Represents shares sold to cover withholding tax obligations on the settlement of the vesting of the Reporting Person's Performance Stock Units ("PSUs").
3. Represents shares sold to cover withholding tax obligations on the settlement of the vesting of the Reporting Person's RSUs.
4. Each DEU represents a contingent right to receive one Ordinary Share of FDP. DEUs are subject to the same restrictions and vesting and/or performance criteria based on the underlying RSUs and/or PSUs to which they relate.
5. The RSUs convert to Ordinary Shares on a one-for-one basis.
6. These RSUs were awarded on 3/2/2023 and vest in three equal installments over three years. The remaining vesting occurred on 3/2/2026.
7. These RSUs were awarded on 3/3/2025 and vest in three equal installments over three years. The vestings will occur on each of 3/3/2026, 3/3/2027 and 3/3/2028.
8. These RSUs were awarded on 3/2/2026 and vested in three equal installments over three years. The vestings will occur on each of 3/2/2027, 3/2/2028 and 3/2/2029.
9. The PSUs convert to Ordinary Shares on a one-for-one basis.
10. The PSUs were awarded on 3/1/2024 subject to meeting minimum performance criteria which was met at 100%. The PSUs vest in three equal annual installments. The remaining vestings will occur on 3/1/2027.
11. The PSUs were awarded on 3/3/2025 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 3/2/2026 3/2/2027 and 3/2/2028.
12. The PSUs were awarded on 3/2/2026 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 3/2/2027, 3/2/2028 and 3/2/2029.
Remarks:
/s/ Effie D. Silva, Attorney-in-Fact for Ziad Nabulsi 03/04/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did FDP executive Ziad Nabulsi report on this Form 4?

Ziad Nabulsi reported selling 1,112 Ordinary Shares of Fresh Del Monte at $42.50 per share and several equity award activities. These included RSU and PSU vesting, exercise of dividend equivalent units, and new grants of Restricted Stock Units and Performance Stock Units, all held directly.

Were Ziad Nabulsi’s FDP share sales open-market transactions or something else?

The filing describes the 1,112-share disposals as open-market sales at $42.50 per share. Footnotes clarify the shares were sold specifically to cover withholding tax obligations arising from the settlement and vesting of his Performance Stock Units and Restricted Stock Units, not discretionary portfolio sales.

How many Fresh Del Monte shares did Ziad Nabulsi sell and at what price?

He sold a total of 1,112 Ordinary Shares of Fresh Del Monte Produce at $42.50 per share. The sales occurred on March 3, 2026, and were characterized as open-market or private transactions made to satisfy tax withholding obligations on recently vested equity awards.

What equity awards in FDP did Ziad Nabulsi acquire or vest in this period?

He exercised 1,160 Restricted Stock Units and 122.7302 Dividend Equivalent Units into Ordinary Shares at zero exercise price. He also received new grants of 2,659 Restricted Stock Units and 2,659 Performance Stock Units, which convert to Ordinary Shares on a one-for-one basis, subject to vesting and performance conditions.

How do Ziad Nabulsi’s Dividend Equivalent Units and RSUs in FDP work?

Each Dividend Equivalent Unit represents a contingent right to receive one FDP Ordinary Share, mirroring dividends on related RSUs and PSUs. RSUs and PSUs convert to Ordinary Shares on a one-for-one basis and vest in scheduled installments over three years, subject to applicable performance criteria being met.

What performance conditions apply to Ziad Nabulsi’s FDP Performance Stock Units?

His Performance Stock Units are earned only if minimum performance criteria are met. One PSU award granted on March 1, 2024 achieved 100% of its criteria and vests in three annual installments, while later PSU awards vest annually once their respective performance hurdles are satisfied over the specified schedule.
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